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2 Safe Harbor Statement This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of Forward looking statements are not statements of historical fact and thus are subject to risks, uncertainties and assumptions. Forward looking statements are identified by words such as expects, estimates, projects, anticipates, believes, could, and other similar words. All statements addressing operating performance, events, or developments that Transcat, Inc. expects or anticipates will occur in the future, including but not limited to statements relating to anticipated revenue, profit margins, sales operations, capital expenditures, cash flows, operating income, growth strategy, segment growth, potential acquisitions, market position, customer preferences and changes in market conditions in the industries in which Transcat operates are forward looking statements. Forward looking statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Transcat s Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled Risk Factors. Should one or more of these risks or uncertainties materialize, or should any of the Company s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company s forward looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward looking statements contained in this presentation. 2

6 Unique Service Value Proposition Fully Accredited Calibration Provider with Highest Quality in the Industry Flexible Service Delivery Options: Permanent on site Periodic on site Mobile In house Pickup & Delivery 6

26 Adjusted EBITDA Reconciliation ($ in thousands) FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 Service Operating Income (loss) $ (175) $ 1,311 $ 2,379 $ 3,693 $ 4,155 +Depreciation & Amortization 1,959 1,740 2,144 2,362 3,216 +Other (Expense) / Income (37) (84) (141) (138) (64) +Noncash Stock Comp Service Adjusted EBITDA $ 2,010 $ 3,117 $ 4,612 $ 6,141 $ 7,478 Distribution Operating Income $ 5,603 $ 4,635 $ 4,326 $ 3,075 $ 2,147 +Depreciation & Amortization Other (Expense) / Income (11) (27) Noncash Stock Comp Distribution Adjusted EBITDA $ 6,819 $ 5,763 $ 5,436 $ 4,113 $ 3,081 Service $ 2,010 $ 3,117 $ 4,612 $ 6,141 $ 7,478 Distribution $ 6,819 $ 5,763 $ 5,436 $ 4,113 $ 3,081 Total Adjusted EBITDA $ 8,829 $ 8,880 $ 10,048 $ 10,254 $ 10,559 The Company believes that when used in conjunction with GAAP measures, Adjusted EBITDA, or earnings before interest, income taxes, depreciation and amortization, other income and expenses, and noncash stock compensation expense, which is a non GAAP measure, allows investors to view its performance in a manner similar to the methods used by management and provides additional insight into its operating results. Adjusted EBITDA is not calculated through the application of GAAP and is not the required form of disclosure by the Securities and Exchange Commission. As such, it should not be considered as a substitute for the GAAP measure of net income and, therefore, should not be used in isolation of, but in conjunction with, the GAAP measure. The use of any non GAAP measure may produce results that vary from the GAAP measure and may not be comparable to a similarly defined non GAAP measure used by other companies. 26

27 Seasoned Executive Team Driving Growth Lee D. Rudow President and Chief Executive Officer 27 Years of Industry Experience Demonstrated Growth Record Joined Transcat in 2011 Scott D. Sutter Vice President of Sales Rob A. Flack Vice President of Operations Jennifer J. Nelson Vice President of Human Resources Mike W. West Vice President of Marketing Michael J. Tschiderer Chief Financial Officer 16 Years Service Segment Experience, Simco Enterprise Account Development Executive 17 Years Service Segment Experience, Davis Calibration and Tektronix Service Solutions Joined Transcat in 2012 Joined Transcat in 2014 Joined Transcat in 2015 Joined Transcat in 2013 Joined Transcat in

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